Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Karel Komarek Floating Possible Sale of Atlantik Group

Posted Thu, 26/11/2009 - 12:12 by Invest-IQ Team

Karel Komarek's KKCG Finance might be entertaining the sale the Atlantik Group, one of the Czech Republic's leading securities dealers. KKCG has allegedly spoken with several potential investors about a deal to let Atlantik go for as much as CZK 900 million, with Ernst & Young acting as sale advisor. Though Komarek and KKCG spokesman Daniel Plovajko have been tight-lipped about the potential sale, neither they nor officials at Atlantik have denied the rumors.

Atlantik Group (www.atlantik.cz)
Atlantik Group is the combination of two KKCG companies, securities broker Atlantik FT and asset management firm Atlantik AM. With a turnover of CZK 131 billion, Atlantik FT is the fourth-largest Czech securities broker offering its 6,000 clients access to financial markets all over the world.

For its part, Atlantik AM manages more than CZK 4 billion in assets with a shareholder equity of nearly CZK 630 million. The group maintains Czech offices in Prague and Brno as well as an office in Bratislava, Slovak Republic.

KKCG Finance (www.kkcg-finance.eu)
KKCG Finance is a holding company and investment firm, and part of the KKCG Group. It operates mainly in the financial management and securities sectors of the Czech and Slovak Republics in partnership with ABN AMRO, Auerbach Grayson & Company, and Deutsche Bank.

As of 2008 KKCG Finance claimed CZK4.6 billion in assets under management and a trading volume of CZK 131 billion. The company currently employs approximately 60 people.